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Waves of newbies wading into stocks

Nina Hendy

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An unprecedented wave of amateur investors hit the sharemarket last year, hoping to make a few bucks in a gloomy economic environment.

As lockdowns began and share prices bottomed in March last year, a record 110,000 share-trading accounts were opened. This has continued into this year, with a further 51,000 accounts opened in January this year, ASIC data reveals.

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    Original URL: https://www.afr.com/companies/financial-services/waves-of-newbies-wading-into-stocks-20210505-p57p1g